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BCL
Bracebridge Capital LLC Portfolio holdings
AUM
$3.73B
1-Year Est. Return
33.02%
This Fund
S&P 500
This Quarter
Est. Return
-12.44%
1 Year Est. Return
+33.02%
3 Year Est. Return
+126.89%
5 Year Est. Return
+201.53%
10 Year Est. Return
–
AUM
$552M
AUM Growth
-$688M
(-56%)
Cap. Flow
-$644M
Cap. Flow
% of AUM
-116.78%
Top 10 Holdings %
Top 10 Hldgs %
99.55%
Holding
17
New
2
Increased
1
Reduced
2
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DISH
DISH Network Corp.
DISH
|
+$13M |
| 2 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$2.25M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
+$16M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$7M |
| 3 |
NLSN
Nielsen Holdings plc
NLSN
|
+$3.84M |
| 4 |
UNIT
Uniti Group
UNIT
|
+$537K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 1.72% |
| 2 | Industrials | 1.27% |
| 3 | Financials | 0.54% |
| 4 | Healthcare | 0.18% |
| 5 | Real Estate | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $362M | 65.64% |
4,650,000
-6,475,000
| -58% | -$547M |
|
|
2
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $116M | 21.03% |
1,500,000
+475,000
| +46% | +$40.1M |
|
|
DISH
3
DELISTED
DISH Network Corp.
DISH
| $9M | 1.63% |
+400,000
| New | +$13M |
|
|
NLSN
4
DELISTED
Nielsen Holdings plc
NLSN
| $7M | 1.27% |
530,000
-205,000
| -28% | -$3.84M |
|
|
OSG
5
Octave Specialty Group
OSG
$243M
| $3M | 0.54% |
199,300
| – | – |
|
|
6
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $2M | 0.36% |
+26,591
| New | +$2.25M |
|
7
Aquestive Therapeutics
AQST
$463M
| $1M | 0.18% |
428,571
| – | – |
|
8
Clear Channel Outdoor Holdings
CCO
$1.23B
| $500K | 0.09% |
756,426
| – | – |
|
|
9
iShares Russell 2000 ETF
IWM
$79.8B
| – | – |
-40,000
| Closed | -$7M |
|
|
10
PUT
iShares Russell 2000 ETF
IWM
$79.8B
| – | – |
-300,000
| Closed | -$50M |
|
|
UNIT
11
Uniti Group
UNIT
$2.36B
| – | – |
-72,100
| Closed | -$537K |
|
|
ZAYO
12
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| – | – |
-464,000
| Closed | -$16M |
|
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Bracebridge Capital LLC's Q1 2020 Portfolio in Review
As of Q1 2020, Bracebridge Capital LLC held 17 positions worth $552M, down 56% from $1.24B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Bracebridge Capital LLC withdrew a net $644M in Q1 2020, closing 4 positions and reducing 2 holdings. Its most notable exit was Zayo Group Holdings, Inc., an estimated $16M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 1.7% of assets, up from 0.16% a quarter earlier, followed by Industrials and Financials.
Against the trend, Bracebridge Capital LLC opened a new position in DISH Network Corp. worth $9M.
- Bracebridge Capital LLC's largest Q1 2020 buy was DISH Network Corp.: 400,000 shares worth $9M.
- Bracebridge Capital LLC's biggest Q1 2020 reduction was Nielsen Holdings plc, cutting an estimated $3.84M.
- Bracebridge Capital LLC fully exited Zayo Group Holdings, Inc. in Q1 2020, selling an estimated $16M.
- Bracebridge Capital LLC's ten largest holdings make up 100% of its $552M portfolio in Q1 2020.
- Bracebridge Capital LLC opened 2 new positions and closed 4 in Q1 2020.
- Bracebridge Capital LLC's portfolio value fell 56% quarter-over-quarter to $552M.
Based on Bracebridge Capital LLC's 13F filing for Q1 2020, filed 19 May 2020.